Axie Infinity drops 40% in revenue

The rapid growth of Axi Infinity has stopped Axie Infinity Which is based on Blockchain technology Block cahin significantly in September, with revenue down 40percent from August, the company's first monthly decline since January.

And achieved the game of fighting monsters monster-battling that use non-replaceable tokens (NFTs) to reward players, 64933.71 ether (ETH), the value of 220.32 million dollars, in September, down from 342 $1 million in August, according to data center Axie World.

Axie Infinity has become a source of income in many countries

Sky Mavis was launched Sky Mavis game in a year 2018, to later become an important source of income in countries such as Brazil, the Philippines, Venezuela and Vietnam, and we mention here that the game has become so popular in the Philippines that the government has expressed its intention to tax players .

On the other hand, the symbol AXS near 78 $ at press time, up more than 14000% on an annual basis, according to Trading View data .

Head of Research at Synergia Capital said: Synergy Capital, Denis Vinokourov In his LinkedIn post, LinkedIn:

“The crypto ban in China has led to some downsides to the token, but this is largely due to the highly correlation nature of digital assets.”

And he added:

“But the fundamentals remain largely intact, and demand for the coin is likely to accelerate. AXS and the “play to win” model of the future.

Token price was AXS Has reached a high level of 95 In early September, before pulling back with the broader cryptocurrency market, in the wake of China's blanket ban on virtual currency businesses.